Amazon China offers loans to local merchants

Source: cnbc, Friday, May 10, 2019

Having only recently closed its 1P China operation, Amazon has inaugurated what it calls the Lending Referral Program, targeting Chinese SMEs doing business through its platform with short-terms loans to help them expand their business and grow via Amazon portals.

The scheme connects vendors with local loan specialists and it is hoped these can build their operations to service the demands for Chinese goods to be exported to the US and beyond through Amazon’s cross-border initiatives.